Indians top list of foreign property buyers in Dubai with Dh12 billion investment in 2016

Indian investment in Dubai’s real estate fell 40 per cent to Dh12 billion (US$3.2 billion) in 2016, down from Dh20 billion (US$5.4 billion) in 2015, Dubai Land Department reports show. However, Indian nationals remain the top foreign investor group by nationality.

Dubai added 26,707 new companies last year to the existing 107,043 trade licenses, reflecting strong investor confidence in the emirate, the Department of Economic Development, Dubai’s trade licensing authority, said in a statement.

Imdaad, the GCC’s leading integrated facilities (FM) company based in Dubai, has expressed its optimism for the year 2017, registering a revenue of US$136.2 million (around AED 500 million) in 2016, which is an increase of 8 to 10 percent.